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Macroeconomic Milestones and Data

Macroeconomics

A collection of factual questions regarding macroeconomic history, key figures, and statistical measurements.

economics history statistics

8 Questions Medium Ages 15+ Aug 15, 2026

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About this Study Set

This study set covers Macroeconomics through 8 practice questions. A collection of factual questions regarding macroeconomic history, key figures, and statistical measurements. Every question includes the correct answer so you can learn as you go — pick any format above to get started.

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1 In which year did the Bretton Woods Agreement establish the rules for commercial and financial relations among the world's major industrial states?

A 1944
B 1948
C 1952
D 1939

2 Which economist published 'The General Theory of Employment, Interest and Money' in 1936?

A Milton Friedman
B John Maynard Keynes
C Adam Smith
D Friedrich Hayek

3 According to the World Bank, what is the standard threshold for 'extreme poverty' measured in 2017 purchasing power parity (PPP) dollars per day?

A $1.00
B $1.90
C $2.15
D $3.20

4 The Phillips Curve, which describes the inverse relationship between rates of unemployment and corresponding rates of inflation, was introduced by A.W. Phillips in which year?

A 1958
B 1962
C 1970
D 1945

5 What is the standard number of consecutive quarters of negative GDP growth typically used to define a 'technical recession'?

6 Which U.S. President ended the direct convertibility of the U.S. dollar to gold in 1971, effectively ending the Bretton Woods system?

A Dwight D. Eisenhower
B John F. Kennedy
C Richard Nixon
D Gerald Ford

7 The Gini coefficient is a statistical measure of distribution; what value represents perfect equality?

A 0
B 0.5
C 1
D 100

8 In the 1980s, the economic policy often referred to as 'Reaganomics' was primarily based on which economic theory?

A Keynesianism
B Supply-side economics
C Monetarism
D Mercantilism

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